Jun 21, 2020 | Articles, Sean Answers
What are the major factors affecting location decisions? 8 THINGS TO CONSIDER WHEN CHOOSING A LOCATION Competition (Is it shark-infested water with too much competition?) Cost to operate (rent, manufacturing costs, etc.) Target Customers (they need to be in abundance)...
Jun 21, 2020 | Articles, Sean Answers
What is the difference between a customer and a supplier? A customer buys from you and a supplier you are their customer as they provide for you.
Jun 20, 2020 | Articles, Sean Answers
How did Walmart differentiate itself as a retailer? Massive store size and selection at lower prices in smaller cities were the original big 3 of how it differentiated itself from the flock.
Jun 20, 2020 | Articles, Sean Answers
What is the importance of insurance in a business? Insurance if our protection (picture a wall or bodyguard) from events that can put you out of business. Insurance protects against large unforeseen expenses you are probably not able to pay yourself. Insurance...
Jun 20, 2020 | Articles, Sean Answers
Is it better to increase the price by 1 percent or increase the customer base by 1%? Both! You should always be trying to create more margin as well as growing your customer base.
